Spend Management
12 min read
GL Codes in Expense Tracking: Importance, Examples, and Best Practices
GL codes help businesses accurately track every transaction and ensure error-free reports. Learn how to use them for efficient expense management.
9 min read
Cost Centers: How to Understand and Optimize Them
Cost centers serve as critical components in any organization, offering a lens through which to analyze and manage expenses effectively. Read about the logic of cost centers and ways to manage them with maximum efficiency.
15 min read
Liquidity Management: Importance, Risks, and Best Practices
Liquidity management is a must-have practice for a company to meet its financial obligations. Learn how to measure liquidity and tips for improving it.
14 min read
Expense Reports: A Comprehensive Guide
Sometimes, things just have to be paid here and now, so employees reach into their pockets to cover the work-related expenses with their own money. And that's okay, as long as the company reimburses that cost. For this to happen, expense reports must come into play.
10 min read
Five Foolproof Ways to Shorten the Cash Conversion Cycle
How do companies improve their cash flow and liquidity? By shortening the cash conversion cycle! There are five main tips you should know.
27 min read
The Definitive Guide to Cost Savings
The COVID-19 pandemic and then the full-scale Russian invasion of Ukraine have proved that, at any moment, seemingly perfect plans and financial projections can suddenly become unrealistic.
17 min read
Spend Analysis: Best Practices
Learn how to conduct spending analysis to identify unnecessary expenses and underperforming suppliers. You can't optimize it when you don't see it!
14 min read
What Is Spend Management and Why Is It Important?
To earn money, a business needs to spend money first. Raw materials, maintenance services, and qualified employees are just a few on the long list of typical company expenditures.
